What will the federal government have to do in order to redeem the bonds in the Social Security Trust Fund?
a. raise taxes
b. cut expenditures on other government programs
c. borrow additional funds
d. Some combination of a, b, and c.
D
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Exhibit 11-6 Aggregate demand and supply model
In Exhibit 11-6, if the aggregate demand curve is at AD1, the government should:
A. raise taxes to move to AD2. B. cut taxes to move to AD2. C. cut taxes to move to AD3. D. cut spending to move to AD2.
Which of the following is NOT a source of borrowings for a bank?
A) federal funds B) Eurodollars C) transaction deposits D) discount loans
If a firm cannot earn profits in the short run, it will shut down
Indicate whether the statement is true or false
The NBER focuses primarily on the value of real GDP while deciding whether an economic contraction is a recession, because it is measured monthly and allows the identification of the month in which business-cycle turning points occur
a. True b. False Indicate whether the statement is true or false